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05-26-2020-R
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05-26-2020-R
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<br />-17- <br />RECYCLING FUND <br /> <br />The following graph presents five years of operating results for the Recycling Fund: <br />2015 2016 2017 2018 2019 <br /> Oper Rev $129,030 $134,739 $151,272 $134,228 $140,149 <br /> Oper Exp $239,727 $141,190 $147,919 $168,145 $172,232 <br /> Oper Inc (Loss)$(110,697)$(6,451)$3,353 $(33,917)$(32,083) <br /> $(125,000) <br /> $(75,000) <br /> $(25,000) <br /> $25,000 <br /> $75,000 <br /> $125,000 <br /> $175,000 <br /> $225,000 <br /> $275,000 <br />Recycling Fund <br />Year Ended December 31, <br /> The Recycling Fund ended 2019 with an unrestricted net position of $118,200, a decrease of $5,237 from <br />the prior year. <br /> <br />Recycling Fund operating revenues for 2019 were $140,149, an increase of $5,921 from the prior year, <br />due to an increase in rates. Operating expenses for 2019 were $172,232, an increase of $4,087 from the <br />prior year. <br /> <br />The Recycling Fund also received $23,597 of nonoperating intergovernmental revenues that are available <br />for the operation of the City’s Recycling Program. <br /> <br />In 2015, intergovernmental revenues included $100,000 received from Ramsey County as a grant to <br />upgrade city residents’ recycling receptacles. This intergovernmental revenue is not reflected in the graph <br />above; however, the expenses related to this grant are included in the operating results presented by the <br />graph above. This one-time grant accounts for the increase in operating expenses in the 2015 fiscal year. <br />
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